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Modelling International Trade In Art - Modified Gravity Approach

Author

Listed:
  • Joanna Bialynicka-Birula

    (Cracow University of Economics)

Abstract

The issue of modelling international trade in works of art has been taken up in the paper. It presents the gravity approach to the international trade in art in European Community countries. The analysis is based on Eurostat international trade data (Harmonised System for export and import chapter 97 ? works of art, collectors? pieces and antiques, including respective kinds of works of art: paintings, drawings and pastels; collages, graphic arts, sculptures and antiques). The gravity model is based on nonlinear (power function) regression made in Statistica 9.0 software. It should be underlined that instead of GDP, traditionally used in gravity models of international trade, author proposes to use art markets? turnovers on internal markets as independent variables. Using the mentioned model the author explains the influence of art markets of considered countries and distances between them on total export and import of work of art.

Suggested Citation

  • Joanna Bialynicka-Birula, 2015. "Modelling International Trade In Art - Modified Gravity Approach," Proceedings of Economics and Finance Conferences 2204856, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:2204856
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    File URL: https://iises.net/proceedings/4th-economics-finance-conference-london/table-of-content/detail?cid=22&iid=011&rid=4856
    File Function: First version, 2015
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    Cited by:

    1. T. A. Santos & G. Lopes Santos & P. Martins & C. Guedes Soares, 2022. "A methodology for short-sea-shipping service design within intermodal transport chains," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(1), pages 138-167, March.

    More about this item

    Keywords

    international trade; art; gravity model; art trade; international art trade; trade model; European Union;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

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